Coca-Cola (NYSE:KO) Price Target Raised to $75.00

Coca-Cola (NYSE:KO) had its price target increased by Evercore ISI from $72.00 to $75.00 in a research report released on Wednesday,Benzinga reports. They currently have an outperform rating on the stock.

KO has been the topic of several other research reports. Wells Fargo & Company decreased their price target on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. TD Cowen raised Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Wednesday, January 8th. Jefferies Financial Group raised Coca-Cola from a “hold” rating to a “buy” rating and raised their price objective for the company from $69.00 to $75.00 in a research report on Thursday, January 30th. Barclays decreased their price target on Coca-Cola from $73.00 to $66.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Finally, Deutsche Bank Aktiengesellschaft upgraded Coca-Cola from a “hold” rating to a “buy” rating and increased their price target for the company from $68.00 to $70.00 in a research note on Thursday, December 12th. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $73.82.

Coca-Cola Trading Down 0.9 %

Shares of NYSE:KO opened at $68.85 on Wednesday. Coca-Cola has a 12-month low of $57.93 and a 12-month high of $73.53. The company has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.53. The company has a market cap of $296.59 billion, a PE ratio of 28.45, a price-to-earnings-growth ratio of 3.55 and a beta of 0.61. The stock has a 50 day moving average of $62.90 and a 200 day moving average of $66.36.

Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.04. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. As a group, equities research analysts expect that Coca-Cola will post 2.85 EPS for the current year.

Institutional Trading of Coca-Cola

A number of large investors have recently made changes to their positions in the company. Bienville Capital Management LLC boosted its position in shares of Coca-Cola by 23.8% in the 4th quarter. Bienville Capital Management LLC now owns 10,155 shares of the company’s stock valued at $632,000 after purchasing an additional 1,955 shares during the period. Gallagher Fiduciary Advisors LLC increased its stake in Coca-Cola by 21.2% in the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 21,996 shares of the company’s stock valued at $1,369,000 after purchasing an additional 3,842 shares in the last quarter. Wahed Invest LLC grew its holdings in Coca-Cola by 6.5% during the 4th quarter. Wahed Invest LLC now owns 99,934 shares of the company’s stock valued at $6,222,000 after buying an additional 6,129 shares during the last quarter. Pennington Partners & CO. LLC acquired a new stake in Coca-Cola during the 4th quarter valued at $359,000. Finally, Hutner Capital Management Inc. boosted its holdings in shares of Coca-Cola by 15.4% during the fourth quarter. Hutner Capital Management Inc. now owns 147,769 shares of the company’s stock worth $9,200,000 after purchasing an additional 19,755 shares during the last quarter. 70.26% of the stock is owned by institutional investors and hedge funds.

About Coca-Cola

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.